Insider Selling: Federal Agricultural Mortgage Co. (NYSE:AGM) Director Sells $211,100.00 in Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $211.10, for a total value of $211,100.00. Following the completion of the transaction, the director now owns 13,060 shares of the company’s stock, valued at $2,756,966. This trade represents a 7.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Federal Agricultural Mortgage Stock Down 1.2 %

Shares of NYSE AGM opened at $207.79 on Friday. Federal Agricultural Mortgage Co. has a 52 week low of $161.72 and a 52 week high of $217.60. The business has a 50-day simple moving average of $188.54 and a two-hundred day simple moving average of $186.79. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. The company has a market cap of $2.26 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.90 and a beta of 1.04.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. The company had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. During the same quarter in the prior year, the business earned $4.13 EPS. Research analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $1.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $5.60 annualized dividend and a yield of 2.70%. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.01%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $215.00 price target on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors purchased a new stake in shares of Federal Agricultural Mortgage in the 1st quarter valued at about $24,137,000. Boston Partners raised its holdings in shares of Federal Agricultural Mortgage by 8.1% during the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock valued at $95,435,000 after buying an additional 36,560 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Federal Agricultural Mortgage by 25.7% during the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock valued at $32,187,000 after buying an additional 36,380 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Federal Agricultural Mortgage by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock valued at $59,911,000 after buying an additional 29,917 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Federal Agricultural Mortgage during the 3rd quarter valued at about $175,610,000. Institutional investors own 68.03% of the company’s stock.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company’s Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.